BY : Ogundana Boluwatife When a major international bank prepares to establish a new operation in Nigeria, the announcement can attract attention as a sign of confidence in the country’s …
INVESTMENT
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BankingBanking, Finance & InvestmentFEATURED NEWSFinanceINVESTMENT
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Deutsche Bank has adopted a positive outlook on the Nigerian naira, adding the currency to its frontier foreign exchange monitor as it identifies opportunities for further appreciation against the US …
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BusinessBusiness & MarketsINVESTMENTINVESTMENT
Dangote IPO Tests Nigeria’s Six Million Investor Base
Nigeria’s capital market is facing a major test as the planned initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals targets 10 million retail investors, well above the country’s …
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Nigeria and the United States have signed a new agreement aimed at “deepen[ing] American investment” in Nigeria’s mining sector, as both countries seek to expand cooperation in the development of …
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Nigeria’s capital market is undergoing a quiet digital transformation as more investors turn to online platforms to participate in public offers and other investment opportunities. The shift has become particularly …
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EconomyGovernment PolicyInfrastructureINVESTMENTPublic HealthTransport
Four investors push for Lagos-Calabar highway concession
The Federal Government has said the Lagos-Calabar Coastal Highway project is already attracting strong interest from international investors, with at least four companies indicating willingness to refund the full cost …
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BusinessEconomyForeign AffairsINVESTMENTNewsNigeriaTechnologyTelecommunications
Nigeria’s Telecom Sector Attracts $991m FDI in Three Years
Nigeria’s telecommunications sector attracted a total of 991 million dollars in foreign direct investment, FDI, between 2022 and 2024, highlighting sustained investor interest in the industry despite regulatory reforms and …
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BusinessEconomyInfrastructureINVESTMENTReal EstateTransportation & Logisitics
Sanwo-Olu inaugurates 29,000sqm TY Logistics Park
Lagos State Governor, Babajide Sanwo-Olu, has inaugurated the new TY Logistics Park FZE, a Grade-A contract logistics facility covering about 29,000 square metres, describing it as the first development of …
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BankingEconomyFinance & ServicesGovernment PolicyINVESTMENTMarket Forecast
Naira Weakens Slightly at Official Market as Dollar Demand Increases Toward Year-End
Nigeria’s currency recorded a slight weakening at the official foreign exchange market on Monday, as the naira closed at N1,451.86 per US dollar, compared to N1,450.43 per dollar recorded at …
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BusinessEconomyEnergyGOVERNMENTINVESTMENTOil & GasPolicies
FG Cuts Oil Block Signature Bonus to $3m–$7m
The Federal Government of Nigeria has reduced the signature bonus required for participation in the 2025 oil block licensing round, in a major move aimed at attracting more investors into …